Olstein Capital Management L.P. decreased its position in DSW Inc. (NYSE:DSW) by 12.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 495,480 shares of the company’s stock after selling 71,225 shares during the period. DSW makes up 1.3% of Olstein Capital Management L.P.’s investment portfolio, making the stock its 21st largest position. Olstein Capital Management L.P. owned approximately 0.60% of DSW worth $10,147,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Cambiar Investors LLC increased its position in shares of DSW by 20.9% in the second quarter. Cambiar Investors LLC now owns 1,339,224 shares of the company’s stock worth $28,365,000 after buying an additional 231,953 shares during the period. Americafirst Capital Management LLC acquired a new position in shares of DSW during the second quarter worth about $107,000. Dimensional Fund Advisors LP increased its position in shares of DSW by 27.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,047,286 shares of the company’s stock worth $64,540,000 after buying an additional 664,487 shares during the period. Parkwood LLC increased its position in shares of DSW by 54.2% in the second quarter. Parkwood LLC now owns 21,424 shares of the company’s stock worth $454,000 after buying an additional 7,531 shares during the period. Finally, Pekin Singer Strauss Asset Management IL increased its position in shares of DSW by 23.6% in the second quarter. Pekin Singer Strauss Asset Management IL now owns 597,614 shares of the company’s stock worth $12,657,000 after buying an additional 114,127 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.
DSW Inc. (NYSE:DSW) opened at 24.90 on Monday. The firm has a 50-day moving average price of $21.84 and a 200 day moving average price of $22.34. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 19.87 and a beta of 0.72. DSW Inc. has a 52-week low of $18.51 and a 52-week high of $29.53.
DSW (NYSE:DSW) last announced its earnings results on Tuesday, November 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. DSW had a net margin of 3.90% and a return on equity of 12.45%. The company had revenue of $697 million for the quarter, compared to the consensus estimate of $710.42 million. During the same period in the previous year, the business earned $0.44 EPS. The company’s revenue was up 4.7% on a year-over-year basis. On average, equities research analysts predict that DSW Inc. will post $1.40 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Wednesday, December 14th. DSW’s dividend payout ratio (DPR) is currently 62.99%.
DSW has been the subject of a number of analyst reports. Zacks Investment Research raised DSW from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, October 4th. Citigroup Inc. raised their price objective on DSW from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, August 31st. Telsey Advisory Group raised their price objective on DSW from $23.00 to $27.00 and gave the company a “market perform” rating in a research note on Thursday, August 25th. Canaccord Genuity reaffirmed a “hold” rating and issued a $23.00 price objective (up from $19.00) on shares of DSW in a research note on Monday, August 29th. They noted that the move was a valuation call. Finally, Susquehanna started coverage on DSW in a research note on Thursday, September 15th. They issued a “negative” rating and a $19.00 price objective for the company. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $24.64.
In other DSW news, EVP William L. Jordan sold 42,423 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $25.00, for a total transaction of $1,060,575.00. Following the sale, the executive vice president now directly owns 72,333 shares of the company’s stock, valued at approximately $1,808,325. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Harvey L. Sonnenberg sold 8,000 shares of the business’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $23.50, for a total transaction of $188,000.00. Following the sale, the director now directly owns 20,142 shares in the company, valued at $473,337. The disclosure for this sale can be found here. Company insiders own 20.30% of the company’s stock.
DSW Company Profile